Lockton Achieves Over $4 Billion in Revenue for Fiscal Year 2025

In a remarkable financial accomplishment, Lockton, Inc., the world's largest independent and privately held insurance broker, has announced a global revenue exceeding $4 billion for the fiscal year ending April 30, 2025. This significant achievement reflects a compound annual growth rate (CAGR) of over 16% over the last five years. The company's impressive growth trajectory highlights its commitment to organic expansion and exemplary customer service.

Yearly Performance Highlights

During FY 2025, Lockton reported a 13% increase in global revenues, reaching a total of $4 billion. This growth was primarily spurred by an outstanding organic growth rate nearing 100%, marking the fifth consecutive year of double-digit organic growth for the firm. Furthermore, Lockton's international operations surpassed $1 billion, with a constant currency growth rate of 15%. This effective expansion has been a milestone, as it is the fourth year in a row that Lockton has achieved double-digit growth in international operations.

Within the United States, the firm generated an impressive $2.7 billion, growing 11% and continuing a streak of seven consecutive years marked by double-digit organic growth. Lockton Re also experienced a remarkable 29% annual growth, demonstrating its ongoing global expansion. The company’s Transactional Liability practice has solidified its sector leadership, completing a record number of transactions and growing by an astonishing 59%.

Ron Lockton, the President and CEO of the company, expressed pride in the firm’s growth trajectory, stating, "Lockton is, above all, a growth company. Persistent organic growth at double digits distinguishes us from the competition."

Leadership and Strategic Appointments

To reinforce its global leadership and support ongoing growth, Lockton has made significant executive appointments in 2024. Ron Lockton resumed his role as President and CEO, accompanied by key executives like Chris Brown as CEO of Lockton International and Travis Leonard as CFO. The strategic leadership team is united in driving forward Lockton’s objectives, aligning specialized practices, products, and global verticals to ensure continued growth.

Ron Lockton commented on the hiring of prominent leaders across the company, stating, "We are acting with urgency on our strategic priorities, including aligning our specialized practices and products on a global scale."

International Growth

Under Chris Brown's leadership, Lockton International surpassed the $1 billion mark with an impressive growth rate of 15% in constant currency, nearly doubling the growth rate of other global brokers. The firm has strategically expanded its geographic presence and operations, particularly focusing on enhancing customer access and service quality. Lockton's significant investment in Asia, specifically India, and its expansion into Nordic countries exemplify its commitment to global growth. New leadership has also been introduced in Asia, Australia, and the Middle East/North Africa regions to support this expansion.

U.S. Business Performance

The company’s U.S. operations reported $265 million in revenue, boosting total U.S. revenue to $2.7 billion, marking the company’s seventh consecutive year of double-digit organic growth. Tim Ryan, a veteran within Lockton, was appointed President of the U.S. division in August, enhancing operational leadership. Additionally, a new team focusing on Industry Practices has been formed to align services with client needs better. This includes the establishment of a new office in Austin, Texas, and further expansion across the nation.

Lockton Re’s Expansion

Lockton Re, the company's reinsurance business, achieved a 29% revenue growth in 2024, marking its fifth anniversary with substantial growth and a global presence now across 22 locations. Furthermore, Lockton Re has expanded its footprint nationally in Greensboro and San Francisco, as well as internationally in Dublin, Mexico City, Santiago, and Paris.

The global team consists of over 500 professionals serving more than 300 clients across 20 segments. Thanks to ongoing investments in talent and specialization, Lockton Re is set for another robust growth year ahead.

Innovation and Digitalization

In alignment with evolving market conditions, Lockton has also established a Data, Analytics, and Digital Office, spearheaded by innovation expert Claude Yoder. This office aims to enhance the firm’s ability to leverage data and technology for its clients. Already, the Digital Office provides insights that help clients anticipate volatility, manage complex risks, and make informed decisions at a faster pace.

Workforce Culture and Talent Attraction

Lockton is dedicated to fostering an unmatched client-centric culture, drawing top talent and promoting ongoing organic growth. The firm’s renowned workplace culture has earned numerous accolades, cementing its reputation as one of the best-managed companies in the United States and a top employer in various countries, including Australia, New Zealand, and Mexico.

Ron Lockton acknowledged the effort of associates, appreciating their commitment to exceptional customer satisfaction which drives high retention rates. He further noted, "Our unique private ownership model combined with outstanding workplace culture creates a powerful edge for our clients and our people."

About Lockton

Lockton’s distinction lies in its independence, enabling its over 13,000 associates across more than 155 countries to focus solely on their clients’ risk and insurance needs. With deep global expertise and a commitment to delivering exceptional results, Lockton stands out in the insurance sector. Visit www.lockton.com for more information.